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SYSTEM FOR ADJUSTING INSURANCE FOR A BUILDING STRUCTURE THROUGH THE INCORPORATION OF SELECTED TECHNOLOGIES

  • US 20130006676A1
  • Filed: 09/14/2012
  • Published: 01/03/2013
  • Est. Priority Date: 09/04/2003
  • Status: Active Grant
First Claim
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1. A system for processing data relating to insuring a building structure by taking into account technologies that mitigate loss comprising:

  • a storage device storing a database identifying a plurality of technologies that reduce risk of loss to an associated building structure; and

    a computer processor, configured to;

    administer, by an insurance company, insurance policy data related to coverages for the building structure that incorporates a sensor technology from the plurality of technologies identified in the database, wherein the incorporated sensor technology is capable of outputting data electronically;

    receive monitoring data output electronically by the incorporated sensor technology relating to a condition of the building structure;

    input into a neural network the monitoring data relating to the condition of the building structure;

    receive a neural network output based on the monitoring data, wherein the neural network output is indicative of a current risk associated with the condition of the building structure;

    determine, responsive to the neural network output indicating the current risk, whether an automatic remedial action has deployed to mitigate the current risk; and

    output, responsive to the neural network output indicating the current risk, a notification identifying the current risk and the determination of whether the automatic remedial action has deployed.

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